It's fun to blame Red Lobster going down because of all you can eat shrimp, but no one really emphasizes this bit:
"A private equity firm bought the chain ten years ago from Darden Restaurants.... The firm, Golden Gate Capital, funded the deal partly by selling Red Lobster's real estate.
That meant the chain had to start paying rent. That's now a major financial factor in Red Lobster's bankruptcy filing"
VC again leaving a trail of destruction behind them
@virtualbri private equity isn’t the same as venture capital! It’s two different groups of smug billionaires pulling all the copper pipes out of the walls of capitalism! Two different business models with the same consequence! (Convergent evolution!)
This week: Using paper for finance tracking has been invaluable for helping me understand the process, shaping my Markdown budget trackers into a text-based, hands-on envelope budgeting approach. Simple calculations mean I can take charge of my incomings and outgoings without a standard spreadsheet.
As an #engineer, if I had any other #data series that was pretty smooth for several years and then started getting very spiky month to month, I'd look for some underlying malfunction.
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Really interesting discussion of China's green/sustainable financing mechanisms (especially relative to the IRA In the US). Favorable financing for things you want, unfavorable for the things you don't. Financially it's a lot like a tax, but it's implemented by a different institution and paid far away from consumers. You can see how it might be politically different from a tax.
TIL about the Energy Discrimination Elimination Act from Oklahoma.
That sounds very Orwellian and it is. It requires the state to stop doing business with financial firms that are “discriminating” against fossil fuel companies.
“Oil and gas has been the main driver of the economy and the state of Oklahoma for the last 100 years,” state Sen. Mike Allen (R) said in an interview. “And so I don't want to do business with people that are trying to put us out of business.”
Ces géants qui dominent le commerce mondial agricole
C’est un oligopole dont on ne connaît presque rien. En quelques décennies, une poignée d’acteurs a pris le contrôle du commerce mondial agricole, des terres à la #finance. Peut-on laisser à quelques groupes le destin de la sécurité alimentaire mondiale?
@mediapart@Morange pour les gogoles vous comprenez pourquoi macron ne tape pas sur certains types d'agriculteur? "de la terre a la finance" le reste la macronie s'en fou car ne peut être support d'un actif financier.
Ce n'est donc pas une question syndicale mais une question "de capital".
nah dog I'm toothmaxxing, polish the pearlies 40 times a day, if you not brushin you not crushin, stay toothy mouthnation #toothgod#lifeadvice#finance#fyp#teeth
Yes, the company went public. No, it is not a financial success—or even a lifeboat.
Debuting on the charts w/a “DJT” ticker, #TrumpMedia saw a 55% surge in valuation right after markets opened.
Huge influx of cash, right? w/Trump holding ~79M shares, equating to 58% of available stock, the #SPAC debut balloons his #NetWorth by nearly $5B; there were ~136M shares outstanding post-merger.
Before going public, the co was far from profitable: TruthSocial itself only garnered $3.38M in total revenue over the 1st 3 quarters of 2023—& lost $49M over that same period, w/ >½ of that loss occurring in Q3. Per Axios:“The company’s cash-on-hand dwindled to just $1.8M at the end of Sept…while its total liabilities climbed ~72% to $60.5M.” (#DWAC pre-merger fed filings noted “mgmt has substantial doubt that [#TrumpMedia] will have sufficient funds to meet its liabilities as they fall due.”)
Considering TruthSocial remains a free platform that’s financially dependent on ads…to buy, uh, collectible gold coins of #Trump’s mugshot & pillows manufactured by a broke #ElectionDenier, there’s no real financial lifeline on the horizon. +there are no incentives for more lucrative advertisers, seeing as the 2-yr-old #platform only commands ~5M active users, lost 39% of its active user base over the past yr, & has persistently seen reduced traffic & download numbers from its peak….
Ahh yes, the ole "you spent $28.24 at GOOGLE *SERVICES with your card ending..."
Did I? What is this??
My fav part is how the charge appears before you receive any kind of email, and before it appears in your Google Play transaction history.
I had to check through 3 Google accounts, past emails & my #finance notes to realize this was #CraveTV renewing even though I was sure I had cancelled.
Big companies using #Google to manage subscriptions is infuriating.
La majorité se déchire au chevet des finances publiques: Bayrou continue à agacer les Macronistes en fustigeant les coupes budgétaires: "Lui qui voulait en finir avec la dette publique à chaque présidentielle, tartuffe", cingle un député Renaissance. Pas mieux pour Yaël Braun-Pivet qui martèle qu'il faut augmenter les impôts: "Elle ne pense qu'à elle et à 2027", peste le même parlementaire. Le groupe vit bien...
@paul_denton il y a pas 36 solutions pour trouver de l'argent, maintenant qu'ils ont bien essoré les plus faibles, il va falloir faire les poches de ceux qui en ont à milliard...
¿ Trump’s Net Worth Hits $6.5B, Making Him One of Bloomberg’s World’s 500 Richest People¿ [several caveats to this]
#Trump’s business empire was supposed to be in peril like never before on Mon. Instead, it turned into the single-greatest day on record for his wealth.
Facing a deadline to post a #bond of >$500M in a #NY#fraud#lawsuit, a state appeals court tossed him a lifeline, slashing it to $175M — an amt he says he’ll cover. Around the same time, his #socialmedia co #TrumpMedia & Tech Group wrapped up a 29-month-long merger process, meaning shares worth billions on paper are now officially #Trump’s.
Loblaws owns an obscene amount of land through their subsidiary Choice Properties.
Their newest project is a massive 1.2 million-sq-ft distribution centre at Woodbine Ave & Green Lane near Newmarket..💥.. located right beside Premier Ford's proposed Bradford Bypass.
Despite running directly through the #Greenbelt, the bypass is a done deal. Remember #DougFord's newest legislation aimed at preventing any court challenges from stopping construction on that highway?? 🤔
One of the key problems many critical economists identify with the UK's political economy, is its long-term 'financialisation' - the domination of a finance mindset in the organisation & management of the UK's model of capitalism.
So, the ever increasing number of CFOs becoming CEOs, in one sense merely confirms the roots of this mindset.
The domination of the rentier logic of business is carried forward by the expansion of CFO managerial influence & control.
@Luke@letterror No, see it’s fine. Monotype is the steward of fine type design. That’s why they wanted to buy all the foundries. Leveraging all of that to pay the owners of an equity company would never lead to anything but a promising future.
